Olaplex Holdings Inc reports results for the quarter ended June 30 - Earnings Summary

• Olaplex Holdings Inc OLPX.OQ reported quarterly adjusted earnings of 2 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 3 cents. The mean expectation of nine analysts for the quarter was for earnings of one cent per share. Wall Street expected results to range from -1 cents to 3 cents per share.

• Revenue rose 2.3% to $106.28 million from a year ago; analysts expected $100.30 million.

• Olaplex Holdings Inc's reported EPS for the quarter was a loss of 1 cent​.

• The company reported a quarterly loss of $7.74 million.

• Olaplex Holdings Inc shares had risen by 0.7% this quarter and lost 18.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 11.1% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 8 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the personal products peer group is "buy."

• Wall Street's median 12-month price target for Olaplex Holdings Inc is $1.75, about 18.3% above its last closing price of $1.43

This summary was machine generated from LSEG data August 8 at 01:47 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)